Matrix Mortgage International
Commercial Real Estate Loans | Mortgage Lenders

 We offer shopping center loans as well as other commercial mortages

Refinancing Mortgage

Direct Lenders

Anchored and Unanchored Retail Financing

 

  


Refinancing Mortgage Lenders - Commercial loan refinance and acquisition are provided by this commercial lender with mortgages ranging from $200,000 to $90 million. Construction loans are available above $6 million for shopping center projects with significant pre-leasing. The mortgage terms range from 5 to 15 years with a maximum amortization of 30 years . Very competitive rates are available, the 90% LTV rates are higher than 80% LTV rates. Rates on loans below $3 million are higher than rates on loans above $3 million.

Shopping Center and Strip Center Loan Programs

  Matrix Mortgage International uses four mortgage programs, some as a direct lender and some as a correspondent.

    (1) The first program has a maximum of 90% LTV for a wide variety of property types. The loan size range for this portfolio lender is $200,000 - $10 million. This program lends nationwide and has a minimum FICO score of 625. The interest rates in this program are higher than in the other programs. The property types included in this program include anchored retail, unanchored retail, and shadow anchored retail. High Leverage Loans and SBA

 

   (2) The second program has a maximum of 80% LTV for an shopping center or a strip center. This CMBS program allows mortgage size ranges from $100,000 to $5,000,000. The maximum LTV is  80% for  retail. This program lends nationwide and has a minimum FICO score requirement of  600. Fixed rate mortgages are available for 5-7-10 year periods at 155-275 basis points over the corresponding treasury. The amortization for each loan is 30 years. These loans are recourse for loans below $1 million and partial recourse for loans from $1 million to $5 million. The minimum debt-service-coverage-ratio is  1.30 for retail. Prepayment penalties do apply during the fixed rate period.     Low Balance -Lower Loan Rates

   (3) The third program has a maximum of 90% LTV for loans on Class A and anchored and shadow anchored retail properties (normally loans exceeding $6 million) and 80% for all others. The loan size range for this program is $3 million to $90 million. The property types included in this program are  anchored retail, unanchored retail, and regional malls. Ten year fixed interest rates are available on 70% LTV mortgages at 100-150 basis points over the ten year treasury for  anchored retail and an additional 50 basis points for unanchored retail.  These loans are non-recourse. In addition to the submission form provided at the link which follows, color pictures, rent roll, and YTD NOI and last years NOI are required by email - . - to begin the preliminary underwriting.  Acquisition and refinance loans $3 million to $5 million -Lowest Rates

   (4) The fourth program has a maximum of 80% LTV on loans for retail centers. Mortgage sizes range from $5 million to $100 million plus in certain circumstances. This program lends in the United States and Europe. Ten year fixed interest rate loans are as low as 100 basis points over the ten year treasury. In addition to the submission form provided at the link which follows, color pictures, rent roll, and YTD NOI and last years NOI are required by email - . - to begin the preliminary underwriting. 

Commercial Lender $5 million and up - Lowest Rates

 

   

  (5) The fifth program is for conventional construction loans for  retail, office, and industrial. Matrix Mortgage International primarily targets the long term loans, but has established correspondent relations with regional banks who provide multi-state construction lending from $3 million to $25 million. Some also provide mini-perm loans to carry to stabilization. Matrix also provides a national construction lender for construction loans above $25 million. In addition to the submission form provided at this link which follows a summary the market  survey, a summary of construction costs are required by

email - . - to begin the preliminary underwriting. 

 

Commercial Lender $5 million and up - Lowest Rates

Contact Information including phone, fax, street address, city, state, zip and our email address for the Mortgage Broker

 



 Shopping Center and Strip Center Loan - nationwide.
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